Obama's Bank Problem

Burnett, Bob
April 2009
Progressive Populist;4/15/2009, Vol. 15 Issue 7, p9
The article discusses the issue on resolving the financial crisis in the banking sector in the U.S. It tackles the failure of the bank bailout initiated by former President George W. Bush following the unexpected bankruptcy of Lehman Brothers. It notes that although an Emergency Stabilization Act was passed by the Congress in October 2008, it failed to resolve the credit crisis. Capability limitations of the administration of President Barack Obama in resolving this problem is also tackled.


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